True, but the fact that the law says premiumscan equal 9.5% of income doesn’t means that employer-sponsored insurance willcost 9.5% of a worker’s pay.

Nevertheless, Yahoo! conjures up a hypothetical employee who will be left out in the cold: “Take, for example, a restaurant worker who makes $21,000 per year. A premium that costs 9.5 percent of this income would run $1,995 for the whole year, or $166.25 per month. How could this employee possibly shell out nearly $2,000 a year for insurance?”

He will have to turn down his employer’s offer, and then the government will demand that he pay a penalty because he didn’t buy insurance!Continue reading →